Not putting a probability just plotting the path of bullish out come tho i think tomorro night- monday rejects 58k down to 52.5-53k then follow the arrows
so theory is we fail soon and fizzle down to 54 ish or move to 58 with weak vol n momentum dying Cme open will be large gap that will dump to fill Sunday night - monday or tuesday
bearish lp,ayout starts off the same printing 58k swing high n cme gap up before rejection with volume that comes in the 54-53k levels come into sight quickly and fail rather quickly so 50k is the major proving grounds with a bear break leadingto 47k hopefull bottom with 44.5-45k more extreme bottom...
fail of that will require a new eye n take on current mkt
so theory is we fail soon and fizzle down to 54 ish or move to 58 with weak vol n momentum dying Cme open will be large gap that will dump to fill Sunday night - monday or tuesday
bearish lp,ayout starts off the same printing 58k swing high n cme gap up before rejection with volume that comes in the 54-53k levels come into sight quickly and fail rather quickly so 50k is the major proving grounds with a bear break leadingto 47k hopefull bottom with 44.5-45k more extreme bottom...
fail of that will require a new eye n take on current mkt